RE:RE:No dealukerM,
your post says: "They, Eldorado, have had their guy on the board since their preliminary investment. He See's what's going on around him, you can't lie to the guy or even hide info from him, so your hands are tied. Steven's best strategy might have been to hold back info,... ".
I had trouble id the "ELD guy" on ICG BoD as you have indicated in your post. Who's that person?
I thought ELD has never nominated a member when it made that initial 15% strategic investment. According to the NR...not until ELD investment has reached 19+% before the right to appoint a member to sit in the BoD is triggered. Howevr, it has one person sitting in the Technical Committe, so it has enough eyes and ears on the planning and drilling activities (and results) all along, see link below.
https://www.integragold.com/news/2015/integra-gold-announces-14.6-million-investment-by-eldorado-gold/
As far as ICG mangement strategy is concerned, I would tend to go along with the suggestion that de Jong and Salamis have set this up so that ELD would come out with an offer (low-ball is fine with the 2 gents). The idea is to stir up the pot for potential bidders to come out. The 3% ($18M) penalty is insignificant to worry about for a much better offer (e.g. for $1.5+/s). All they need to do is to dish out a few juicy drilling results to show multi-million oz potential beyond the current Triangle RE.
GH